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What dividend will the company pay

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Question - Slugworth Confection Co. Series A cumulative Preferred shares have a par value of $50, a dividend rate of 5% and are currently trading for $25.40. The series A preferred shares pay dividends annually on January 1. Today is Dec 31, 20X1. The company announced today that it has suspended dividends for 20X2 and 20X3 but plans to resume dividend payments in 20X4. What dividend will the company pay in 20X4?

Reference no: EM133066047

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